Seeking success based buy side advisor

investor profile

January 30, 2023

by an investor from University of Pennsylvania - The Wharton School in Los Angeles, CA, USA

I am seeking a success based buy side advisor to help assist me source an off-market opportunity in the So Cal area. I am willing to pay 1% at close. If you are interested or know anyone you know that may be interested please shoot me an email at redacted

Thank you!

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Reply by an intermediary
from Boston College in Mansfield, MA, USA
We typically do NOT work on buy-side engagements unless it's a management buyout. I may be able to introduce you to some folks who do. Though 1% seems light for buy-side fee with out any monthly commitment feee or retainer. At least based on what I've seen the other side get as part of the flow of funds when I'm working sell-side. I don't see success only based buy-side fees unless the advisor is engaged with PE firm or family office on multiple opportunities and they are primarily making introductions.

Couple of questions to help find a possible referral for you:
1) What services are you looking for the buy-side advisor to perform?
2) How long to you anticipate the engagement to last?
3) What is valuation you are using to make an offer (to determine expected value of the success fee)?
4) What is you best estimate on the probability of completing and closing a transaction?
5) Do you have the funds committed for the purchase, a proof of funds, or a commitment letter?

Thanks and Good Luck.
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Reply by an intermediary
from Indiana University at Bloomington in Carmel, IN, USA
Thanks Luke.
We only do buy side engagements. There are thousands of sell side “brokers” and only a very few (less than a handful) who work on lower market deals. Why, because it is harder and takes longer. A 1% fee will get you what you pay for, in my opinion. We charge a commitment fee and a substantially higher Success Fee to find the best off market company for our clients. We have 16+ years of doing this and most have tried to do it themselves until contracting with us. Always willing to show you the ROI if interested in learning more.
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